Affidavit for Summary Notice of Bond Sale GO Bonds Series 2024-A LOCALuQ
Salina Journal PO Box 631367 Cincinnati,OH 45263-1367
The Hutchinson News
The Topeka Capital-Journal
AFFIDAVIT OF PUBLICATION
Pam Jones
JoVanna Rutherford
City of Salina City Clerk
300 West Ash
Salina KS 67402-0736
STATE OF WISCONSIN,COUNTY OF BROWN
The Salina Journal,a daily newspaper published at Salina,Saline
County, Kansas,and of general circulation in said county,and
continuously and uninterruptedly published for five consecutive
years prior to first publication of attached notice.
That the attachment hereto contains a true and correct copy of
what was actually published in said newspaper in the issue dated:
05/30/2024
Sworn to and subscribed before on 05/30/2024
Legal Clerk
04,14a-
tize
Notary,State of WI,County of Brown
My commission expires
Publication Cost: $404.77
Order No: 10213373 #of Copies:
Customer No: 594307 2
PO#:
THIS IS NOT AN INVOICE!
Please do not use this form for payment remittance.
DENISE ROBERTS
Notary Public
State of Wisconsin
Page 1 of 2
SUMMARY NOTICE OF BOND SALE
$11,835,000*
CITY OF SALINA, KANSAS
GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS,SERIES 2024-A
(GENERAL OBLIGATION BONDS PAYABLE FROM UNLIMITED AD VALOREM TAXES)
Bids. SUBJECT to the Notice of Bond Sale dated May 13,2024(the"Notice"),
electronic bids submitted through PARITY',or emailed to the Municipal Advisor at the
address below,will be received on behalf of the City of Salina, Kansas(the "Issuer") at
11:00 A.M. applicable Central Time, on JUNE 10,2024 for the purchase of the above-
referenced bonds (the "Bonds"). The minimum bid price for the Bonds shall be as
specified in the Notice.
Bond Details. The Bonds will consist of fully registered bonds in the
denomination of$5,000 or any integral multiple thereof. The Bonds will be dated July
2, 2024, and will become due on October 1 in the years as follows:
Principal Principal
Year Amount* Year Amount*
2025 $730,000 2035 $140,000
2026 885,000 2036 140,000
2027 930,000 2037 155,000
2028 975,000 2038 155,000
2029 1,030,000 2039 160,000
2030 1,055,000 2040 170,000
2031 1,085,000 2041 175,000
2032 1,120,000 2042 185,000
2033 1,160,000 2043 195,000
2034 1,195,000 2044 195,000
*Subject to change,see the Notice
The Bonds will bear interest from the date thereof at rates to be determined
when the Bonds are sold as hereinafter provided, which interest will be payable
semiannually on April 1 and October 1 in each year, beginning on April 1, 2025.
Book-Entry-Only System. The Bonds shall be registered under a book-
entry-only system administered through DTC.
Paying Agent and Bond Registrar. Treasurer of the State of Kansas,Topeka,
Kansas.
Good Faith Deposit. Each bid shall be accompanied (in the manner set forth
in the Notice)by a good faith deposit in the form of a cashier's or certified check drawn
on a bank located in the United States of America or a wire transfer in Federal Reserve
funds immediately available for use by the Issuer in the amount equal to 2% of the
principal amount of the Bonds.
Delivery. The Issuer will pay for preparation of the Bonds and will deliver
the same properly prepared, executed and registered without cost to the successful
bidder on or about July 2,2024, to DTC for the account of the successful bidder.
Assessed Valuation and Indebtedness. The Equalized Assessed
Tangible Valuation for Computation of Bonded Debt Limitations for the year 2023 is
$587,121,147. The total general obligation indebtedness of the Issuer as of the Dated
Date, including the Bonds being sold, is $65,795,000.
Approval of Bonds. The Bonds will be sold subject to the legal opinion of
GILMORE&BELL, P.C.,WICHITA,KANSAS,Bond Counsel to the Issuer,whose approving
legal opinion as to the validity of the Bonds will be furnished and paid for by the Issuer,
printed on the Bonds and delivered to the successful bidder as and when the Bonds
are delivered.
Additional Information. Additional information regarding the Bonds may be
obtained from the Municipal Advisor at the addresses set forth below:
DATED: May 13,2024.
SK
321112